Ontario should follow B.C.'s lead on taxing foreign homebuyers

By Alexandra Posadzki, The Canadian Press, July 26, 2016 

Ontario should follow B.C.’s lead on taxing foreign homebuyers, BMO’s top economist says

B.C.’s government surprised many observers on Monday by announcing an additional 15 per cent property transfer tax on foreign homebuyers. BMO Capital Markets Chief Economist Doug Porter called the move “entirely justified” amid persistent double-digit home-price gains in the province.

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